Layoffs abound in the crypto world, as they have since early May. The year switched anew on the calendar, yet the sector gets no “new year, new me” shift: More than 26,000 jobs were lost in crypto in 2022. By press time, the 2023 tally had numbered no less than 1,900.
It’s hard to predict when the layoff trend will subside, but one exchange is bucking it: Binance. After hiring 5,000 workers last year, CEO Changpeng Zhao told the Crypto Finance Conference in Switzerland on Jan. 11 that he hopes to increase Binance’s workforce by 15% to 30% this year.